Trading Edges That Last
- You May Also LikeESNQAH High2809.508139.00AH Mid2752.387976.63AH Low2695.257814.25READ MORE
Lawrence's Comment Recap As expected BOJ did its part and ninja got pushed down to almost Y-2. On pure price action basis, the FBO reaction to Y+1 gave us Y-0 and then ...READ MORELawrence's Comment Recap Last week of the year consolidation actions in tight range. Closed the week near Y-1 and week low. Outlook Can develop into 4 hour down channel with B-2 down ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREIntraday Cycle Projection (NDX) 2011-04-27US Market Pre-Open 2020-3-10USDJPY Jul 15 to Jul 19 OutlookIntraday Cycle Projection (NQ) 2011-07-21USDCAD Jan 04 to Jan 08 OutlookReal-time Commentaries 2011-2-4USDCAD Aug 29 to Sep 02 Outlook3DP Odds Table (NDX) 2013-11-29Intraday Cycle Projection (NDX) 2020-12-11Precog Vision – US Indices 2016-5-23
As Featured In
Nasdaq 100 Jul 09 to Jul 13 Outlook
Lawrence’s Comment
Got 1st upside target and almost 2nd one (Y+2) before news shock took it back down quickly. Closed the week near Y+1 and below midpoint.
Outlook
If a 2nd down leg fails to take NQ below B-2, the daily uptrend is still intact and another violent rally can zoom this higher still.
This month is the time window where a potential major top is going to establish as projected in MBO several months ago. Upside potential is limited at this point on swing basis.
Better stick with daytrading until a trend is established on daily.
Share